Question
ABC Ltd. has current assets of ₹8 lakh and current liabilities of ₹5 lakh. It wants to maintain a current ratio of 2:1. How much current liability should it reduce to meet the target, assuming current assets remain constant?
More Accounts Questions
- Which term refers to the specific rate of interest carried by a bond?
- Which entity generally initiates securitization?
- What is the maximum deduction allowed under Section 80U of the Income Tax Act, 1961, for an individual with a severe disability?
- If a company uses derivatives to protect itself from price fluctuations, the strategy is known as:
- A company has achieved total sales of ₹10,00,000 during the year. The variable costs incurred amount to ₹6,00,000, while the fixed costs are ₹2,50,000. Bas...
- The Guidance Note on Accounting for Share-based Payments aligns closely with which international standard?
- Which of the following is a primary source of finance for capital expenditure in infrastructure projects?
- Ramnaresh & traders initiated their business on 1st April 2007 with ₹ 12,000 by 6000 units at the rate of ₹ 2 per unit. During the year he sold these units...
- The class of preference share, where the arrears in the dividends are carried forward and paid out of the profits of the subsequent years are called as:
- Which form is required for preparing the Balance Sheet of an insurance company engaged in general insurance business?
Relevant for Exams:
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt
